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British grocery inflation hit 14.7% in October, another new record, and it is still too early to call the ceiling, market researcher Kantar said on Tuesday.
Europe’s Energy Crunch Will Trigger Years of Shortages and Blackouts: BloombergNov 8, 2022 - 05:49:41 PST
Much deeper costs will be borne by the world’s poorest countries, which have been shut out of the natural gas market by Europe’s suddenly ravenous demand. It’s left emerging market countries unable to meet today’s needs or tomorrow’s, and the most likely consequences — factory shutdowns, more frequent and longer-lasting power shortages, the foment of social unrest — could stretch into the next decade.
Oil’s rise toward $100 a barrel is exposing some of the risks in OPEC+’s controversial production cuts.
Germany wants dialogue with Washington rather than tit-for-tat measures to ease trade tensions triggered by the U.S Inflation Reduction Act, which could harm European businesses and industry, Germany's finance minister said on Monday.
As home prices fall, homeowners are losing equity at the fastest pace in over a decade.
Corporate America is cutting thousands of jobs to rein in costs amid tightening monetary policy and growing fears of a recession.
US consumer borrowing rose in September by less than expected, reflecting a smaller advance in credit-card debt outstanding.
Pessimism about China’s banking sector has reached an unprecedented level, even approaching the depths where US lenders traded during the 2008 financial crisis.
Nov 8, 2022 - 05:30:19 PST
Wells Fargo & Co. (NYSE: WFC) landed last among U.S. banks in J.D. Power's recent study on small-business banking satisfaction. That study also labeled half of small businesses nationwide as financially unhealthy.
S&P 500 Earnings Estimates for 2023 Take ‘Complete U-Turn’ As Recession Loom, According to BofA: MWNov 8, 2022 - 05:26:30 PST
“Forward estimates have been cut much larger than usual,” BofA equity and quant strategists said in a research note Monday. They said that estimates for earnings per share, or EPS, for the S&P 500 in 2023 are down 3.6% since the start of October to $233 — 2.9 times the typical cut.
Cryptocurrencies fell heavily on Tuesday and the in-house token of major crypto exchange FTX slumped by over 15% as investors appeared to take fright at talk of pressure on FTX's financials. FTX has come under pressure after Changpeng Zhao, head of rival exchange Binance - the world's largest - said on Sunday his firm would liquidate its holdings...
Stock futures edged higher as investors await the outcome of the midterm elections.
Optimal Investment Portfolio Should Include 4 to 6 Percent Silver and Other Silver NewsNovember 8, 2022
Multi-asset portfolios would benefit by adding a 4 to 6 percent silver allocation, according to new research by Oxford Economics.This is one of several silver-related stories in the latest edition of Silver News published by the Silver Institute.
Central banks added nearly 400 tons of gold in the third quarter, according to data compiled by the World Gold Council.This was 300% higher than Q3 2021 and came in as the largest quarterly increase in central bank gold reserves since the World Gold Council started keeping records in 2000.
Nov 7, 2022 - 15:01:31 PST
With the precious metals rallying higher, gold and silver investors wonder what's next for the metals. I thought it would be a good idea to title my newest update, "The GOOD, BAD, & UGLY." Why? Well, there are interesting factors taking place in the metals and markets that need some attention...
Nov 7, 2022 - 12:02:06 PST
"Worldwide, silver fabricators are struggling to keep up with demand for silver blanks,” the U.S. Mint explained on Oct. 31, 2022.
Governments in developing economies are building up their bullion holdings as trust breaks down.
This week, the World Gold Council (WGC), which is a gold market development organization representing 32 of the world’s gold mining companies, published the latest quarterly edition of it’s well-known “Gold Demand Trends” research publication.
Nov 7, 2022 - 10:49:14 PST
One minute after the stock market closed on Friday, the Federal Reserve mailed out a link to its newly-released Financial Stability Report to folks who have signed up to get press releases from the Fed.